My Real Estate Blog

March 25th, 2011 6:47 AM

The 30-year fixed-rate mortgage averaged 4.81% with an average 0.7 point for the week ending March 24, 2011, up from last week when it averaged 4.76%. Last year at this time, the 30-year  averaged 4.99%.   ? 

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.62% this week, with an average 0.6 point, up from last week when it averaged 3.57%. A year ago, the 5-year averaged 4.14%. ? 

Mortgage rates were up this week compared to last, but still remain at relatively low levels. The rate uptick was related to higher than anticipated inflation data for February and ongoing geopolitical concerns. The 12-month growth rate in the consumer price index rose 2.1% in February, compared to 1.6% in January. ? 

Posted by Jim McCowan on March 25th, 2011 6:47 AMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Jim McCowan 4600 Lee Highway Arlington, VA 22207
Phone: Cell: Fax:

Curb Appeal List | Setting the Sales Price | Free Home Valuation | First Time Buyers | Get Pre-qualified | Home Buyer Checklist | Looking to Buy? | Looking to Sell? | Home | Writing the Offer | Staging Checklist | Buyer's Video | Seller's Video

Copyright © 2012 Jim McCowan
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.